The Know Thy Self Feature "Questions of Faith" Explains and Justifies

question 56

Essay

The Know Thy Self feature "Questions of Faith" explains and justifies Stephen Prothero's call for religious literacy. What misconceptions do you or people you know have about religion? How do these misconceptions affect the way we interact with people of other faiths?

---

Definitions:

Unitary

A term in economics used to describe a situation where a change in one factor leads to a proportionate change in another factor.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Specific Excise Tax

A fixed tax imposed on a specific quantity of a good, regardless of its price, typically applied to items such as alcohol and tobacco.

Unitary

In the context of economics, relates to a system where the central government holds all the power, or a market where a product has a unitary elasticity of demand.